Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h +0.008%
Price spread now: RISEx against ApeX Omni−0.001%54s7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$390.387% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.011%−$1 on $10k
Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.001%, 7d avg +0.054%
Together, before fees+0.068%+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and RISEx is 0.055% cheaper against ApeX Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.054%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAUUSDT4,347.70.0100pay 0.0013% / 1h36m 06s$275K$203K50x
ShortRISEx XAU/USDC4,347.70get 0.0000% / 1h36m 06s$3.4M$12.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$21
Price spread: −0.001% → +0.054%
−$5.49
Slippage, 4 orders
−$22.66
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$65.15
Costs to cover
0.387%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 21 min ago; RISEx: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 21 min ago4.01 bp17.0 bp −$1729.6 bp −$296doesn't fitdoesn't fit
Sell RISEx live order book, 3 min ago0.99 bp4.0 bp −$44.3 bp −$4338.9 bp −$3,893doesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx XAU/USDCshort0.0000%1h4,347.7−0.001%$3.4M$12.3M25x
SunX XAU-USDT0.0000%4h4,351.4+0.084%$92K$9.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,343.4−0.098%$271K250xas long as short
Gate XAU_USDT+0.0010%4h4,347.9+0.004%$267.7M$411.6M100xas long as short
Lighter XAU+0.0032%1h4,345.6−0.048%$20.8M$37.8M25xas long as short
Extended XAU-USD+0.0032%1h4,343.5−0.096%$13.3M$38.5M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.063%$619$5452xas long as short
Lighter RH XAU+0.0040%1h4,348+0.006%$20.1M$39.2M25xas long as short
StandX XAU-USD+0.0040%1h4,347.70.000%$3.8M$4.6M40xas long as short
QFEX GOLD-USD+0.0041%1h4,347.8+0.002%$5.7M$2.0M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXGOLDPERP+0.0045%24h4,346−0.039%$4.1M$37.2M15xas long as short
Vest GC-PERP+0.0046%1h4,380.8+0.761%$1.1M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,344.3−0.078%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,343.7−0.092%$293.7M$48.7M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,344.1−0.084%$15.1M$56.8M25xas long as short
Aster XAUUSD1+0.0065%4h4,347.8+0.001%$71.0M$333.7M20xas long as short
Variational Omni XAU+0.0080%4h4,346.7−0.023%$48.5M$27.8Mas long as short
Paradex XAU-USD-PERP+0.0086%8h4,347.7−0.001%$19K$5K5xas long as short
GRVT XAU_USDT_Perp+0.0086%4h4,349.1+0.032%$1.4M$3.0M25xas long as short
MEXC XAU_USDT+0.0094%4h4,347−0.016%$373.2M$317.5M1000xas long as short
Binance XAUUSDT+0.0095%4h4,347.2−0.012%$414.2M$2.09B100xas long as short
edgeX XAUUSDC+0.0098%4h4,343.6−0.094%$30.2M$58.2M50xas long as short
Pacifica XAU+0.0100%1h4,344.7−0.069%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDTlong+0.0100%1h4,347.7long leg$275K$203K50x
Aevo XAU-PERP+0.0104%1h4,347−0.016%$161K$8710xas long as short
Phoenix GOLD+0.0142%1h4,347.3−0.009%$47K$77K25xas long as short
Polymarket Perps GOLD-USD+0.0153%1h4,346.8−0.021%$4.3M$1.9M20xas long as short
Hotstuff GOLD-PERP+0.0160%1h4,345.2−0.058%$33K25xas long as short
Kraken Futures PF_XAUUSD+0.0194%1h4,344.2−0.080%$592K$132K25xas long as short
Bullet GOLD-USD+0.0203%1h4,347.5−0.004%$59K$82K10xas long as short
Phemex XAUUSDT+0.0205%4h4,349.7+0.046%$2.2M$967K100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0233%1h4,345.9−0.041%$243K$789K25xas long as short
Bitget XAUUSDT+0.0234%4h4,347.1−0.014%$70.0M$109.2M100xas long as short
Bybit XAUUSDT+0.0238%4h4,348.3+0.014%$85.0M$144.9M150xas long as short
OKX XAU-USDT-SWAP+0.0284%8h4,348.3+0.014%$165.5M$281.7M100xas long as short
Bluefin GOLD-PERP+0.0336%1h4,341−0.154%$25K$14K20xas long as short
BloFin XAU-USDT+0.0347%4h4,348+0.006%$15.6M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0413% / S −0.0230%1h4,347.5−0.006%$248K111xas long as short
HTX XAU-USDT+0.0628%4h4,352.7+0.115%$2.9M$4.3M75xas long as short